I feel MBB is likely make a lost if the have to go through to floating 20% of BII. Simple reason is that the 20% floated won't be able to receive premium valuation as no control is obtained. The investors will just be the for the sake of full filling regulatory requirement. I was thinking why don't MBB just privatise making it a wholly own subsidiary? This would prevent any issues with regulators as its no more a public company. anyways the remaining is only 2.5%....Not that much for the big tiger!